7655 Redwood Blvd Novato, CA 94945
- Office Properties & Spaces
- 36,024 SF
Current Use by Public Records
- SLR Financial / Financial Consultant / Financial Planner
- Marin County Child Support Services / Social Services Organization
- Boerio LLP / Certified Public Accountant
Property Details for 7655 Redwood Blvd
- Year built
- 1980
- Property size
- 36,024 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a two-building, 36,024 square foot office complex located at 7655 & 7665 Redwood Boulevard in Novato, California, 94945. The property, built in 1980 and renovated in 1993, is classified as a Class B, multi-tenant traditional office building. The asking price is $7,000,000, translating to $194.31 per square foot. The property sits on a site zoned PD - Business Professional Office, offering significant redevelopment potential. Currently, there are a couple of existing tenants with below-market leases that can be terminated by the new owner. This presents a unique value-add opportunity to increase rental income. The property benefits from a highly desirable location, adjacent to a 65-acre site approved for housing redevelopment, and directly across from the SMART Train San Marin station. Downtown Novato is conveniently located one freeway exit to the south. The surrounding area also boasts open space and trails. This property offers a compelling combination of immediate income potential and long-term redevelopment upside in a thriving Marin County location. The two buildings are two stories each.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Novato
- County
- Marin
- State
- California
- Longitude
- -122.568
- Latitude
- 38.1197
